Virtu Financial LLC Purchases Shares of 4,805 Airbnb, Inc. (NASDAQ:ABNB)

Virtu Financial LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,805 shares of the company's stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GYL Financial Synergies LLC increased its holdings in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company's stock worth $241,000 after purchasing an additional 76 shares in the last quarter. HB Wealth Management LLC grew its holdings in Airbnb by 1.6% during the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company's stock worth $749,000 after buying an additional 76 shares in the last quarter. Optas LLC lifted its stake in Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company's stock valued at $277,000 after acquiring an additional 78 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Airbnb by 1.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company's stock worth $1,113,000 after acquiring an additional 79 shares in the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of Airbnb by 7.6% in the second quarter. Asset Dedication LLC now owns 1,193 shares of the company's stock valued at $181,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ABNB shares. Wedbush boosted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Argus cut Airbnb from a "buy" rating to a "hold" rating in a research note on Wednesday, September 4th. UBS Group increased their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Bank of America reiterated a "hold" rating and issued a $142.00 target price (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $138.94.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the sale, the chief technology officer now owns 195,844 shares in the company, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 787,926 shares of company stock worth $101,440,343 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

ABNB traded down $6.52 during midday trading on Friday, hitting $130.95. The stock had a trading volume of 5,288,524 shares, compared to its average volume of 4,519,565. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The business has a fifty day moving average of $135.91 and a 200 day moving average of $134.77. The company has a market cap of $83.02 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm earned $2.39 earnings per share. As a group, equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.